Economics:
Noted definitions:
- ‘The study of the general methods by which men co-operate to meet their material needs’ (Sir William Beveridge);
- ‘The study of mankind in the ordinary business of life’ (A. Marshall);
- 'Ascience which studies human behaviour as a relationship between ends and scarce means which have alternative uses’ (L. Robbins);
- ‘Economics investigates the arrangements between agents each tending to his own maximum utility’ (F.Y. Edgeworth);
- ‘Wants, Efforts, Satisfaction - this is the circle of Political Economy’ (Frederic Bastiat);
- ‘Not a gay science … what we might call … the dismal science’ (Thomas Carlyle).
- Read more from the Routledge Dictionary of EconomicsEconomics. (2013). In D. Rutherford, Routledge Dictionary of economics. London, United Kingdom: Routledge. Retrieved from https://ezproxy.madisoncollege.edu/login?url=http://search.credoreference.com/content/entry/routsobk/economics/0
Macroeconomics or Microeconomics?
*Note that there is a page on the guide devote to each sub-discipline.*
"The subject is normally divided into microeconomics and macroeconomics. In both branches, certain operating standards are pursued: theorizing, collecting and analysing facts, and then re-examining theory in the light of them. Throughout this (never-ending) process, economics is concerned to develop general propositions that can be applied in a variety of countries, periods, and circumstances and still hold good. That is why it claims to be a ‘science’, even though it is almost impossible to set up a laboratory experiment in the way that physical scientists can arrange every day."
- Read more from the Bloomsbury Guide to Human ThoughtEconomics. (1993). In K. McLeish (Ed.), Bloomsbury guide to human thought. London, United Kingdom: Bloomsbury. Retrieved from https://ezproxy.madisoncollege.edu/login?url=http://search.credoreference.com/content/entry/bght/economics/0
Stock Markets
Photo: Daniel Finnan. "Money Gag". United for Global Change rally. Paris, France. 2010 Jun. Flickr Creative Commons. Web.
Economics @ Madison College
- Economics - Madison College - Courses OfferedThe Economics department offers courses for both program and liberal arts transfer students. If you plan to transfer to a four-year institution, you should verify the transferability of Madison College courses using the Transfer Information System (TIS). If you are unsure about how specific courses transfer to a given institution, it is strongly recommended you contact the school of interest to verify transferability.